Wolfe Research Begins Coverage on Floor & Decor (NYSE:FND)

Key Points

• Wolfe Research has initiated coverage on Floor & Decor (NYSE:FND) with an "underperform" rating and a price target of $76.00, suggesting a potential downside of 12.12% from its previous close.
• Several other analysts have revised their ratings on the stock, with five giving it a Buy rating, nine a Hold rating, and three a Sell rating, leading to an average target price of $87.82.
• Floor & Decor's stock recently traded at $86.49, and the company reported a 7.2% increase in quarterly revenue year-over-year at $1.21 billion, with earnings per share of $0.58.

Analysts at Wolfe Research initiated coverage on shares of Floor & Decor (NYSE:FND - Get Free Report) in a research note issued on Thursday, Marketbeat.com reports. The firm set an "underperform" rating and a $76.00 price target on the stock. Wolfe Research's price target indicates a potential downside of 12.12% from the company's previous close.

A number of other research firms have also recently commented on FND. Wall Street Zen cut Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Morgan Stanley decreased their price objective on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Piper Sandler cut their price target on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Telsey Advisory Group restated an "outperform" rating and set a $92.00 target price on shares of Floor & Decor in a research report on Tuesday, August 12th. Finally, Guggenheim decreased their price target on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Floor & Decor presently has an average rating of "Hold" and an average target price of $87.82.

Floor & Decor Trading Down 0.8%

FND traded down $0.69 during trading on Thursday, hitting $86.49. The company's stock had a trading volume of 134,962 shares, compared to its average volume of 2,080,442. The firm has a market capitalization of $9.31 billion, a P/E ratio of 44.31, a PEG ratio of 3.85 and a beta of 1.68. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. The stock's fifty day moving average price is $82.41 and its 200-day moving average price is $79.12. Floor & Decor has a twelve month low of $66.01 and a twelve month high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company earned $0.52 EPS. The company's quarterly revenue was up 7.2% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Analysts anticipate that Floor & Decor will post 2 EPS for the current year.

Institutional Trading of Floor & Decor

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Floor & Decor by 5.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,639 shares of the company's stock valued at $200,000 after buying an additional 139 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Floor & Decor by 42.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock valued at $41,000 after purchasing an additional 152 shares during the last quarter. MainStreet Investment Advisors LLC boosted its position in Floor & Decor by 4.7% during the second quarter. MainStreet Investment Advisors LLC now owns 3,567 shares of the company's stock worth $271,000 after purchasing an additional 160 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Floor & Decor by 9.5% in the second quarter. Signaturefd LLC now owns 1,917 shares of the company's stock valued at $146,000 after purchasing an additional 166 shares during the last quarter. Finally, Commerce Bank boosted its position in shares of Floor & Decor by 3.7% during the first quarter. Commerce Bank now owns 4,712 shares of the company's stock worth $379,000 after buying an additional 168 shares during the period.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.

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